Home Loan Options by Scenario
Since 1999, GMFS Mortgage has been CHANGING LIVES by helping our customers find the best home loan solution for their situation. As a general guide, we have provided links to mortgage products that typically work best for each home loan scenario below.
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No down payment or low down payment to purchase a home
100% Financing (No Down Payment)
VA Home Loan
Rural Development/USDA Loan
Purchase Advantage (LA only)
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Low Down Payment Options:
HomeReady
Home Possible
Home Possible Advantage
First Responder Offer
First time home buyer
(loan less than $484,350)
Refinance mortgage to save money or get additional cash
Refinance
Cash-Out Refinance
FHA Streamline Refinance
First Responder Offer
By refinancing your existing loan, your total finance charges may be higher over the life of the loan.
Buying a home in a rural area
Home borrower is a military Veteran
Build or renovate a home
Purchase a second home or investment property
Home loan between $484,351 and $3M
Home borrower is a First Responder
GMFS Mortgage First Responder Offer
Law Enforcement | Fire Fighters | EMS Medics
Non-Traditional Home Loan
Designed for borrowers with a recent credit event that don’t meet traditional seasoning requirements, who are utilizing alternate documentation or who don’t fit standard Agency, Government or Jumbo guidelines.
Disaster recovery home loans
Self-employed
Designed for self-employed borrowers that don’t qualify using their tax returns because they take huge write-offs.
High Debt-to-Income Ratio (up to 55%)
Designed for borrowers with a recent credit event that don’t meet traditional seasoning requirements, who are utilizing alternate documentation or who don’t fit standard Agency, Government or Jumbo guidelines.
Established
Over 97,500 customers and $17 billion in residential mortgage funding in 23 states
Efficient
Processing, underwriting, and closing under same roof means smooth & predictable closings
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Experienced
GMFS staff has an avg. of 14+ years of mortgage industry experience